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Property profile & analytics
OFF-MARKET
Estimated value
$1,875,000
Manufacturing properties
47119 Cartier Ct, Wixom, MI 48393-2872
Entity Owned
22-yr Hold
Absentee Owner
Free & Clear
Property ID
US43-0223092
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
2000
Total area
15,720 SF
Lot
1.3 ac (56,628 SF)
Zoning code
M-1
APN
96-22-04-152-013
UPID
US43-0223092
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
POWER PLUS Engineering, Inc. Electrical Substation Electrical Engineer
-
CrawlSpaceRepair.com, LLC General Contractor
-
Greatech USA Industrial Manufacturer Production Facility
-
CrawlSpace Concepts LLC Hardware & Home Improvement Interior Design
-
Hardcell Performance Energy Shots Department Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.88M
Blend (final)
Blend
$1.88M
Owner & transaction history
Petrillo Properties LLC · 22 yrs held
Petrillo Properties LLC
since 2003
5 recorded transactions
Zoning & alternative use
M-1 · Wixom, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$2.8M
+61.5%
Restaurant
$2.7M
+58.7%
Retail stores
$2.7M
+54.8%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Wixom submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Wixom submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$1,715,000
Current use
COMMERCIAL (GENERAL)
$2,770,000
Change: +62% · Conversion: Difficult
RESTAURANT
$2,720,000
Change: +59% · Conversion: Difficult
RETAIL STORES
$2,655,000
Change: +55% · Conversion: Moderate
MEDICAL BUILDING
$2,480,000
Change: +45% · Conversion: Difficult
AUTO REPAIR, GARAGE
$1,925,000
Change: +12% · Conversion: Easy
OFFICE BUILDING
$1,845,000
Change: +8% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$1,465,000
Change: -15% · Conversion: Difficult
Blend value · Realmo final
$1.88M
Range $1.69M – $2.06M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$119 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$21,375
Tax year 2023
Assessed value
$754,700
Assessed 2024
Previous assessed
$711,910
+6.0% YoY
Effective rate
2.83%
On assessed value
Total market value
$1,509,400
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
Off-Market
Year built
2000
Heating
SPACE
Cooling
YES
Stories
1
Units
1
Total area
15,720 SF
Lot
1.3 ac (56,628 SF)
Zoning code
M-1
APN
96-22-04-152-013
UPID
US43-0223092
Jurisdiction
OAKLAND
Metro division
WARREN-TROY-FARMINGTON HILLS, MI METROPOLITAN DIVISION
Zoning & alternative use
M-1 · Wixom, MI
Zoning M-1 · permitted uses
M-1 · Wixom, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Wixom. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$1.7M
COMMERCIAL (GENERAL)
Est. value
$2.8M
RESTAURANT
Est. value
$2.7M
RETAIL STORES
Est. value
$2.7M
MEDICAL BUILDING
Est. value
$2.5M
AUTO REPAIR, GARAGE
Est. value
$1.9M
OFFICE BUILDING
Est. value
$1.8M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.5M
INDUSTRIAL (GENERAL) Current
COMMERCIAL (GENERAL)
RESTAURANT
RETAIL STORES
MEDICAL BUILDING
AUTO REPAIR, GARAGE
OFFICE BUILDING
NEIGHBORHOOD: SHOPPING CENTER
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2000
Heating
SPACE
Cooling
Yes
Stories
1
Units
1
Lot
1.3 ac
Current owner
From public records · entity-resolved
Petrillo Properties LLC
Entity
Free & Clear · 22 yrs held
Mailing address
801 W ANN ARBOR TRL STE #302, PLYMOUTH, MI 48170-1682
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2003
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 21, 2003
—
Petrillo Properties LLC
Wixom Ventures LLC
Grant Deed
related
—
Jul 3, 2003
—
Wixom Ventures LLC
Aspen Wixom LP
Quit Claim Deed
related
$1,000,000 · National City Bank Michigan/il
Nov 25, 2002
—
Aspen Wixom LP
Wixom Ventures LLC
Quit Claim Deed
related
—
Aug 17, 2000
—
Aspen-wixom LP
—
Trustees Deed
related
$700,000 · Comerica Bank
Aug 31, 1999
$181,000
Aspen Development Co INC
Dvp Properties LLC
Grant Deed
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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